Monday, July 5, 2021

Letter | Commentary on sales taxes didn’t make point – Santa Cruz Sentinel

Mike Arnold wrote a recent Commentary about how sales taxes effect Safeway's overhead.

The Sentinel welcomes your letters to the editor. Letters should be short, no more than 150 words. We do not accept anonymous letters. Letter-writers should include their full name as well as a street address and telephone number.

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Publisher: Santa Cruz Sentinel
Date: 2021-07-05T12:00:11 00:00
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City begins new fiscal year as taxes remain near 30-year low | WATE 6 On Your Side

KNOXVILLE, Tenn. (WATE) — The city is now in its new fiscal year, with city officials saying the budget supports the continuing recovery and advances in longer-term priorities.

One highlight the city shared was that of no new taxes, saying the city tax rate is near a 30-year low and that city debt is showing a downward trend.

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Publisher: WATE 6 On Your Side
Date: 2021-07-05T11:18:59 00:00
Author: Melanie V squez Russell
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With taxes in Connecticut, 'fair' always means 'more' | Chris Powell | journalinquirer.com

Chris Powell has worked for the Journal Inquirer since 1967, first as a reporter, then as an editor, and now as a columnist. He was managing editor from 1974 until retiring from that position in 2018.

Publisher: Journal Inquirer
Date: A8EEB4CEF8AA4147C1792AAC264547DC
Author: Chris Powell
Twitter: @journalinquirer
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White House Celebrates Major Agreement on Global Business Taxes | Voice of America - English

WASHINGTON - The Biden administration has congratulated itself on what Treasury Secretary Janet Yellen called a historic piece of "economic diplomacy," after 130 countries representing 90% of global GDP agreed in principle on a global minimum tax rate on corporations.

The agreement, whose signatories included China, Russia, India, and every member of the G-20, agreed to impose a minimum tax of at least 15% on corporations in an effort aimed at preventing what Yellen has frequently called a "race to the bottom" between countries trying to lure companies to

Publisher: Voice of America
Date: 3286EE554B6F672A6F2E608C02343C0E
Twitter: @VOANews
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Will your 2021 child tax credit payments affect your taxes next year? They might - CNET

If your income goes up this year, you might be eligible for less of the child tax credit than originally estimated.

The IRS refers to these checks as "advance" payments ahead of 2021 tax season. "That means you're simply getting the payments sooner rather than waiting to receive that money when you file," Jaeger said.

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Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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Next week's child tax credit: 3 quick ways to know if you qualify - CNET

Parents who make less than $150,000 (married and filing jointly) will get a max of $300 for each child under the age of 6 and $250 for each child ages 6 to 17 in regular payments through the end of 2021. They'll see the other half of the credit during tax season in 2022.

But that's just the first letter giving you a heads-up that you might qualify. The IRS plans to send a second letter to confirm eligibility and estimate how much child tax credit money you could receive.

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Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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Letter: If bishops want a voice, they should pay taxes | Opinion | dailyfreeman.com

Publisher: Daily Freeman
Date: 2021-07-04T10:10:00-0400
Twitter: @dailyfreeman
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Deal reached over Walmart taxes: Schools, city, county to get 29.4% less from Hermitage store

Jul. 5—HERMITAGE — City, county and school property taxes on Walmart's Hermitage store will be cut by 29.4% under a settlement reached with the city and school district. The settlement replaces a reassessment that would have lowered them by 41.4%.

Twitter: @YahooNews
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Rural Issues: Stay vigilant about taxes – AgriNews

I have no doubt that most of you reading this are keenly aware of the proposed massive changes to tax policies in this country and the potential impact on small businesses and family farms.

The study found that eliminating stepped-up basis in the STEP Act, even with the $1 million exclusion, would impact 92 of 94 representative farms. That includes all the ranches and dairies, with an additional tax liability incurred of $726,104 per farm.

Publisher: AgriNews
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